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20130117
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Search Results 0 to 16 of about 17 (some duplicates have been removed)
FOX News
Jan 16, 2013 4:00pm PST
all. get rid of the debt ceiling all together. that's the limit on how much money the government can borrow. the feds say they could run out of money to pay the bills as soon as next month but republicans refuse to raise the debt limit without new spending cuts. doug mckelway is life on capitol hill. what is the plan from these house democrats? good evening. >> well, bill, they introduced legislation today that would basically amend the statute. the law that put the debt ceiling in place in the first place. it would do so by removing the cap on the treasury of borrowing money. its chances of passage in the republican controlled house are basically slim and none. but at least it allows democrats to paint the republicans as extremists in their desire to attach the debt ceiling to spending cuts. and that's exactly what congressman gerald nadler democrat of new york did today along with other democrats, listen up. >> the intent on blackmailing the country. they say to us if you do not agree to massive cuts to social security, medicare, medicaid, and other social programs, we will refuse to raise the debt ceiling and thereby cause an economic catastrophe by making the country de
FOX Business
Jan 17, 2013 1:00pm EST
particular deadlines they have to meet in washington. the debt ceiling, of course sometime next month there are also dealing with government funding running out in march and some other issues like the sequestered. republicans are floating a short-term debt ceiling increase with some modest cuts to deal with the automatic spending cuts that government funding levels and get back to an argument or discussion over the debt ceiling and spending levels once you reach the next few months. that is right now what they are discussing. they have not decided on that strategy. this is just the house republican strategy. it would then have to keep an over to the senate and agree with senate democrats and the white house. for republicans they say this is all about structural spending changes. >> i think it is very clear at this is not just the notion of paying back past dues for the united states but also making sure that the dead obama administration wants to continue to incur is restrained. >> reporter: republican leaders continue to meet with members discussing a number of different ways to deal with
FOX News
Jan 17, 2013 6:00am PST
comfortably, yes i do think they can win. i think we can get major reform using the debt ceiling, slowly but surely. don't make it a battle all at once. raise the debt ceiling two, three, four months and come back to see what things we can do to make america a better country. debt ceiling is forcing these people to compromise. bill: thank you, art. >> thank you, bill. bill: it will be bloody in washington, d.c. thank you, art out of nashville. >> thank you very much, bill. martha: it was an emergency landing. batteries melting down in midair. now the aircraft billed as the future of commercial aviation is really grounded at this point the nightmare for the boeing 787 dreamliner. bill: reclaiming a theater from the memry of a massacre. how some victims of the colorado shooting are healing today you but not forgetting about the man accused of killing 12. >> saw a lot of reports how he is crazy. don't make that mistake. he is not crazy. he is evil. martha: grounded. the faa ordering an immediate halt to all flights of the boeing 787 dreamliner after an emergency landing and unexplained overheating batteries is the issue in this plane. dan springer is live in seattle. what is the immediat
MSNBC
Jan 17, 2013 1:00pm PST
to have the solution to our debt ceiling impasse. he calls it a short-term debt limit extension. you may know it better as kicking the can down the road. which reminds me, there was someone just a few months ago who was famously against that kind of a deal. who was it? >> kick the can. kick the can. kick the can. >> right, of course. that's who it was. joining us is jonathan alter and jared bernstein. welcome to you both. john, we've seen speaker boehner's power getting weaker and weaker. is paul ryan now the de facto head of the gop? >> well, you know, actually, martin, i think he has been much more influential than people realize -- >> because he's been quite quiet publicly. >> going back to 2011. he has so much respect within that republican caucus. he's the guy who killed simpson/bowl simpson/bowles. he was on the simpson/bowles commission and wasn't willing to have any revenue increases. his fingerprints were not on it. and then when it came to the grand bargain, he told john boehner wait until the election. don't do this deal. so this is more of the same from him in his own relatively quiet way because he is much more intelligent than a lot of the other members. he does wield a lot of i
CNBC
Jan 16, 2013 7:00pm EST
. gop split on debt ceiling approach. that's one. some in gop, don't pay all the bills now. all right. debt default and prioritization. okay. prioritization in particular, tony, there's 80 million payments per month. can you imagine this prioritization plan? i mean it's beyond the pale. >> it's really not workable at all, larry. i think, you know, when people -- i think it's hard for people to get their arms around just how big and complex a $3.2 trillion economy or government it is and all of these transactions and how they work and there's not a great understanding of just the flow of cash in government. now, you know, in order to do prioritization we need to stop a whole lot of payments which is technically impossible to do in order to make some other payments. but to make those other payments presumes you have revenue that's come in on time in order to make those payments like interest payments on the debt. so just from a cash flow standpoint on a daily cash flow basis it's probably impossible to do. it certainly is impossible to do for any length of time. but the bigger question, larry, is why anybody thinks that's wise? why anybody thinks we were going to turn off payments to, you know, governme
CNBC
Jan 17, 2013 6:00am EST
said, well, we've got to two months until the debt ceiling. it's the 17th today and it just feels different. we're not -- we don't have a clock on cnbc showing the days to the debt ceiling when we hit it. it just seems like the market b is getting desensitized and we figure something -- it's not going to be the deal that we thought. is that true? do we know that, that it's not going to -- you know, derail this? >> my sense is, joe, you might be back to a clock in about a month. i think the one thing we learned from the fiscal cliff was don't really pay attention to anything that comes out of washington until "d" day. >> so that is what we're doing now. we're looking at individual results. >> and i think that's actually what people want. they want to trade in the market. the nice thing about you is you're talking about earnings, you're talking about things that matter to the market right now. everyone i talk to is saying i'll deal with the debt ceiling when i get there. actually, if there was a lot on worry there, we wouldn't be going, budding up against 5 1/2 year lows. clearly, p
CNN
Jan 17, 2013 4:00am PST
around the debt ceiling coming up and to make this the issue, how do you think that will work? >> that's why i wonder how serious he is. i'm not questioning his motives. now he knows for the next two months all we're going to be talking about is the debt ceiling, sequestration, the continuing resolution, ending the fiscal cliff, all of these. >> you're not questioning his motives of what he's suggesting. he'd rather have a conversation about guns than the debt ceiling? >> i think the president is trying to get political support from his base, maybe he feels it strengthens him going into negotiations with the republicans or the fiscal issues. listen these guys won't even ban assault weapons, how can you trust them on taxes and spending. i see it as building up his political position which is not wrong but i don't think in his heart of hearts he thinks he's going to pass any significant legislation. >> congressman king in the studio after my asking all the time. >> i couldn't stay away from you, soledad. >> she's not really a tough interviewer is she? >> she's very nice and multiracial -- >> are we rolling on this? i love this. keep the nice part. i would appreciate that. >> she was the irish-
CNBC
Jan 16, 2013 11:00pm EST
shop at family dollar or dollar general than saks, that's bad news. the debt ceiling fiasco, and the negotiation of the budget sequester, we could see actual cuts to entitlement programs in the next few months, at least there will be tons of chatter in the media about it. i don't think either the republicans or the democrats have the guts to cut entitlements. what does this have to do with the dollar stores? you cut program that help people who shop at dollar stores, you hurt these stocks. the low-ends retail environment is getting more competitive. they have to become more promotional, code for more discounts. in order to hold their own, they have to put real pressure on margins. the higher payroll taxes on consumers, i think it's very hard to make the case that dollar stores can be owned here. it's true companies have big long-term growth stories, as they expand store base around the country. that's not a reason to buy them as long as existing stores have so much trouble. at this point, dollar stores may be too cheap to go much lower, dollar tree sells 14 times earnings, and when their historical multipliers are higher, however, there is no catalyst that can get that multiple to expand. no ca
CNBC
Jan 17, 2013 5:00pm EST
cliff, which we are currently through would -- >> we have the debt ceiling. >> we'll talk about that later. look at lockheed martin today. there are those plays, as well. >> this is going to be a choppy couple of weeks. i don't think it's going to run away here, but it's very defensive. another name to look at, though, embraer, this is brazil's boeing, and these guys are getting very, very busy in the defense space in brazil, in late tip america. they are trying for contracts here, at 12 times next year's earnings, this is a very cheap stock. one of the best companies in the world. take a look at that. >> we are seeing a decline by about 4% in the afterhours session after its earnings report. jon fortt is on the conference call which just got under way. let's get the details from him. jon? >> yeah, melissa. they are talking right now about their process leadership, how they're able to make ships more efficiently than others. but taking a look at the numbers they reported, actually a little bit light on revenue. eps was better than expected. but they also got a tax benefit, the t
FOX News
Jan 17, 2013 3:00am PST
? >> gretchen: i have to say, in the last debt ceiling press conference, at least when a question came up about that, the president was i think taken aback. there were a couple tough questions with regard to that particular topic the other day. you think that's more of an anomaly. >> of course. it still is. and the fact that it is so noteworthy and news worthy, i think, reflects poorly on the press. it is true that there are a few very good reporters out there in the white house press corp., nonfox ones, that have been pursuing stories, and we know what happens. they get punished and get yelled at behind the scenes. the sense of jadedness that the president has with them, the thin skinnedness with which he treats them, i think this speaks of a very dysfunctional relationship. >> brian: michelle, it was major garrett. he did something that ed henry also does, follow up question. the question hates the follow-up question because if he gets a tough question, he gives long answers. you almost forget the question. what do you is you jump right back in before he's done and it sounds rude. but it's th
CNBC
Jan 17, 2013 9:00am EST
believes there's going to be resolution on the debt ceiling. number two, earnings season is not moving the die so far, as i mentioned economic news has been quiet. finally, of course, europe has been stabled. 9 good news, folks, individual stocks can move. did you see new highs yesterday on the bank stocks? they're mattering, individual stock picking moves are going to matter. finally december housing, but multifamily still predominates. more on that later on. guys, back to you. >> thank you, bob. >> ben-jarvus green-ellis, one of the big law firms. >>> here's a couple starts. each was bakley up at 4 1/2-year highs, june of '08. but we'll call it 4 1/2 years, so these aren't bad numbers. if you look at initial jobless claims, all that looked terrific, except for on the claims side, it was a completely different story. they didn't drop down nearly as aggressively. we're up four basis points, but maybe the key continues to be the technicals, a chart starting on december 1st, basically in december we started a wave pattern, 1, 2, 3, 4, we're starreding that fifth wave, probably takes us u
CSPAN
Jan 17, 2013 5:00pm EST
fiscal cliff and debt ceiling. it is clear there is legislative gridlock in this town. what happens in the months to come with this kind of gridlock -- we already see the battle lines being drawn about what is to happen when these entitlements did on the table with in march. what happens to the poor as you see it in the coming months? >> let me first say, thank you so much for allow me to be part of this conversation. i am happy that you have been carrying on this kind of conversation over the last few years. let me try and see if i can put something in context for you -- i think that is something we never really talk about. a lot of this fiscal cliff stuff is really smoke and mirrors -- when you sit back and realize the largest portion of the debt of this country is really three things -- one is two wars we never paid for, what is a medicare part that we never paid for, and the other part is the bush tax cuts. those of the largest portions of the debt of this nation. what they're trying to do now by cutting what you call entitlements and i call and benefits -- [applause] is to protect the cuts they
CNN
Jan 17, 2013 4:00pm EST
apparently talking to the rank and file about a short-term extension of the nation's debt ceiling. it might be brief, authorization the nation's borrowing authority for a couple of months at the republican retreat in williamsburg, virginia right now. the house budget committee chairman, paul ryan, says it might offer a better chance of getting the democratic-controlled senate and white house involved in talks without a deal by march. drastic spending cuts could kick in and the government could face a possible shutdown. there ses to be, kate, a little movement on that. we'll see how far it goes. >> when they all get back. >>> a key part of every u.s. president's swearing in is, of course, the bible that he has placed, that he places his hand on when placing the oath of office. cnn's lisa sylvester had a pretty rare look and was able to actually look and touch the bible. >> touched it yourself. >> i've got to say, this was a pretty cool assignment. >> it's very unique and a really neat part of the inauguration. >> this is something that i learned. the library of congress actually has 1,500 bibles in its collection. and one of those bibles will be used during president obama
CSPAN
Jan 17, 2013 12:00pm EST
the fiscal clever arrangement and we have the infamous debt ceiling which will come into play so we will be seeing a lot of activity the next few months about the appropriate size of the government and about the size of the deficit and a lot of back-and-forth over these issues. without going into all of the different ramifications i want to say a word about the debt ceiling which is not everybody understands what it's about. the debt ceiling which congress has to do periodically as gives the government money to pay its existing bills. it doesn't create new spending so it's like a family trying to improve its credit rating not the most effective way to improve the credit rating and was the slow solution to the debt ceiling in august of 2011 that of the u.s. downgraded last time brough so it's very important that congress take the necessary action to raise the debt ceiling to avoid a situation where our government doesn't pay its bills. estimate the number of people have expressed concern about how much of the challenges actually were addressed in the deal. as you mentioned is certainly went part way that leaves a number of issues still on th
Search Results 0 to 16 of about 17 (some duplicates have been removed)